September 28, 2018 By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Fidelity Bank Plc on Tuesday recorded a Return on Equity (RoE) which came in 350 basis points higher year-on-year to 14.2 percent in the half year (H1) period ended June 30, 2018, highest in 10 years, since 2008, […]
Results & Dividends
Fidelity Bank Q2 2018 Initial Impression: Lower Impairment Charges Boost Bottom Line.
September 27, 2018/InvestmentOne Report Net interest income of N13.9billion, down 17.7% q/q; down 23.2% y/y Non-interest income of N10.1billion, up 141% q/q, up 34.4% y/y Profit before tax of N8.1billion, up 62.2% q/q; up 49.9% y/y Profit after tax of N7.2billion, up 57.1% q/q; up 53.3% y/y Yesterday, Fidelity Bank […]
Fidelity Bank H1”18 Results – Lower Impairments; Higher Non-Interest Income Propels Earnings
Culled—Proshare September 27, 2018/CardinalStone Research Fidelity Bank Plc (FIDELITYBK) H1’18 results – Gross earnings rose by 3.6% YoY to N88.9 billion, in line with our estimate of N86.5 billion (+2.8% deviation). More remarkably, after tax profit leapt by 31.1% YoY to N11.8 […]
